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Home loans
How can we help?
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UHomeLoan features
What's in it for you
No ongoing fees
There are no ongoing or annual fees to pay and no application fees on a variable rate loan
Note: A fee of $395 applies on a fixed rate home loan to lock in the advertised rate (as at the date of your application) for a period of time. This fee is waived for fixed rate loans that settle on or after 10 July 2020 until further notice. More on fees and charges.
Flexible variable rate loans
Unlimited extra repayments.
Unlimited, free redraws.
Flexible repayments (weekly, fortnightly or monthly principal and interest repayments)
Local support ready to help
Our local home loan experts are here to help you every step of the way
We're award winning
Don’t just take our word, our home loan awards speak for themselves
Interest rates
UHomeLoan interest rates
Variable up to 80% LVR
Discounted rate
Principal & interest (P&I)
Principal & interest (P&I)
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Standard variable rate
Principal & interest (P&I)
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Discounted rate
Interest only (IO)
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Standard variable rate
Interest only (IO)
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Variable 80-85% LVR
Discounted rate
Principal & interest (P&I)
Principal & interest (P&I)
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Standard variable rate
Principal & interest (P&I)
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Discounted rate
Interest only (IO)
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Standard variable rate
Interest only (IO)
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Fixed Principal and interest (P&I) up to 80% LVR
1 year
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3 year
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5 year
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Fixed Interest only (IO) up to 80% LVR
1 year
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3 year
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Fixed Principal and interest (P&I) 80-85% LVR
1 year
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3 year
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5 year
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Fixed Interest only (IO) 80-85% LVR
1 year
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3 year
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5 year
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Variable up to 80% LVR
Discounted rate
Principal & interest (P&I)
Principal & interest (P&I)
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Standard variable rate
Principal & interest (P&I)
Principal & interest (P&I)
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Discounted rate
Interest only (IO)
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Standard variable rate
Interest only (IO)
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Fixed • Principal and interest (P&I) up to 80% LVR
1 year
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3 year
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5 year
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Fixed • Interest only (IO) up to 80% LVR
1 year
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3 year
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Compare our loans
Compare our variable and fixed rate UHomeLoan
No application fees
Flexible repayment options
Loan term
Split loans
Redraw
Additional repayments
Max. loan to value ratio (LVR)
Loan size
Offset
Variable rate
Gives you flexibility. You can easily make extra payments, redraw surplus funds and make changes to your home loan
Weekly, fortnightly or monthly for loans with P&I repayments
30 years
You can split your UHomeLoan up to 4 times with a minimum split of $20,000
Easily access extra cash if you’re already ahead of your scheduled repayments
Unlimited
Up to 85% for Owner-occupier loansUp to 80% for Investor loans
Minimum of $100,000
Not available
Fixed rate
Gives you interest rate and repayment certainty for 1, 3 or 5 years
A fee of $395 is payable to guard against any rate increases before settlement. This fee is waived for fixed rate loans that settle on or between 10 July 2020 and 30 September 2022*.
Weekly, fortnightly or monthly for loans with P&I repayments
30 years
You can split your UHomeLoan up to 4 times with a minimum split of $20,000
Not available
Break costs may apply if you repay all, or any part, of your loan early
Up to 85% for Owner-occupier loansUp to 80% for Investor loans
Minimum of $100,000
Not available
FAQs
Have any questions?
Where can I see my UHomeLoan interest rate?
- Log in to Online banking
- 'Manage UHomeLoan'
- Enter your login ID & password
- Select the relevant home loan account and your rate will be displayed on the screen
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Can I make one-off repayments on top of my regular repayments?
If you have a variable rate UHomeLoan, you can make additional repayments of any amount at any time.
If you've chosen a fixed rate UHomeLoan, and your loan was formally approved on or after 28 September 2013, you can make up to $20,000 in additional repayments during the fixed term without incurring break costs. (Any more than this, and break costs may apply - call us on 13 30 80 to find out more.)
How to make an extra payment:
- Arrange a direct debit from your nominated account directly to your loan account. Log in to My UHomeLoan > Payments > 'One off payments'
- Direct credit / EFT from your chosen bank account to your UHomeLoan
- BPAY® using your Biller Code and Reference Number
Keep in mind, your next home loan repayment will continue to be debited as scheduled unless you have selected to offset your repayment. You do have the option to re-calculate your repayments to a minimum - call us on 13 30 80.
How do I redraw from my UHomeLoan?
If you have a variable rate UHomeLoan with available credit, you can redraw funds at any time, with no fees by logging in to My UHomeLoan. Once you've logged in, go to Payments > Redraw.
If you request a redraw through My UHomeLoan by 11am EST, the funds will be transferred to your nominated account within 3 business days.
For more information on how redraw works, check out our Redraw Explained guide.
How do I change the loan type or repayment options for my fixed and/or variable UHomeLoan?
Simply click on one of the forms below and ensure it's completed and signed by all borrowers.
1. Loan increase & interest only form
Complete this form to change your repayment type to interest only or extend your interest only term.
2. Variable to fixed rate change request form (changing a variable rate loan to a fixed rate loan)
Complete this form to:
- Change an entirely variable rate loan to a fixed rate loan
- Change a variable rate loan into fixed and variable splits
- Note: The repayment options are principal and interest and/or interest only over 1, 3 and 5 year terms. If you’re converting your loan to fixed rate interest only, you’ll also need to complete the Loan Variation form and a full credit assessment will be required.
3. Variable home loan – repayment & loan split changes request form
Complete this form to make changes to your variable rate loan including:
- Change your repayment type from interest only to principal and interest
- Reduce your interest only term
- Split or consolidate splits
If you need to break your UHomeLoan fixed term please call us on 13 30 80 and we'll guide you through the process.
How do I change my direct debit account for my home loan?
Simply download, print, complete and sign the Direct Debit Request form. Scan and email to advantedge.customercare@advantedge.com.au. This will be received by our team at Advantedge to process.
Please note:
- You can’t set up a direct debit from a USave savings account or most other online savings accounts. On the form, please nominate either a USpend transaction account or another bank account that allows direct debits.
- Our team at Advantedge will contact you via email if there are any problems and send you a confirmation email once your request has been completed, usually within 2 business days.
- If you have a split loan and want to change the direct debit account on more than one split, you’ll need to complete a separate form for each split.
- If you have any questions about this form, please contact Advantedge on 1300 300 989 (8.00am – 7.30pm Monday to Friday, Sydney time).
Can I manage multiple loans under the same My UHomeLoan profile?
Unfortunately not, each loan has a unique My UHomeLoan profile and password.
To log in select My UHomeLoan from your Online Banking and enter your unique Login ID and password.
If you've forgotten your password, you can reset it on the login page.
Let's pass the mic to our lawyer
See UHomeLoan terms & conditions and UHomeLoan credit guide
UHomeLoan info: Credit is provided by AFSH Nominees Pty Ltd Australian Credit Licence 391192. UBank is the mortgage manager for UHomeLoan products. Govt charges may apply.
1The comparison rate is based on a secured loan of $150,000 over the term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Target Market Determinations for these products are available at ubank.com.au/tmd. Are you experiencing financial difficulty? See how we can help.
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